1. What the World Bank's Business Ready (B-READY) mainly assesses:

• Regulatory framework: Quality of regulations for commercial lending, secured transactions, e-payments, and green financing.
• Public services: Accessibility of information in credit infrastructure and access to finance.
• Efficiency: Efficiency of receiving financial services in practice.

2. Key points, cases, and relevant legal policies (Coming soon)

3. What efforts have been made in Shanghai:

• Continued to monitor and analyze the green credit data of banking financial institutions, and guided institutions to increase credit support for green and environmental protection industries. It is expected that by the end of 2024, the balance of green financing within the jurisdiction of Shanghai will exceed 1.4 trillion yuan ($194.62 billion).
• Improved the quality and efficiency of financial services for small and micro enterprises in Shanghai's banking and insurance industries, and improved the availability of financial services in key sectors.
• Encouraged financial institutions to optimize credit products for small and medium-sized enterprises and improved the efficiency of financing docking and loan approval and issuance. As of the end of September 2023, the balance of inclusive loans to small and micro enterprises in Shanghai surged by 25.1 percent year-on-year, far poutpacing other loan types.
• Carried out green finance evaluation on a quarterly basis, which includes both quantitative indicators, such as green loans, and qualitative indicators related to environmental information disclosure.
• The Unified Registration and Publicity System for Movable Asset Financing of the Credit Information Center of the People's Bank of China has launched the electronic business license identity authentication function, supporting the automatic verification of institutional user account openings online, and enabling online registration of institutional users.
• Established an inclusive financial advisory system. By the end of 2023, 11 offline service hubs had been established in 10 districts and Zhangjiang Science City in Pudong, and an inclusive financial advisory comprehensive service platform has been launched to improve corporate financing convenience and availability.
• More than 1,000 statistics about government affairs, public utility and other data closely related to inclusive finance made available to the city's financial institutions.
• Supported financial institutions improving credit delivery accuracy and intensity by using "accurate portraits" of small, medium and micro enterprises through big data analysis, modeling and other financial technology methods.

4. What Shanghai has achieved:

• Shanghai ranked 7th in the latest ranking of the Global Financial Center Index (GFCI), unveiled in September 2023.
• Shanghai ranked 20th in the latest ranking of the Global Green Finance Index (GGFI), unveiled in October 2023.